SoFi joins the meme-party, jumps 25% in the last two days
Social-media traders were buzzing over $SOFI.US$ since Wednesday after the news that regulators approved its pending acquisition of Golden Pacific Bancorp. Sofi officially become a bank-holding company.
SoFi is a U.S. online personal finance company that based in San Francisco. The company provides financial products that include borrowing, saving, spending, investing, and protecting to its nearly 3million members with fast access to tools to get their money right.
The stock opened about 14% on Wednesday morning and later closed up 13.7%. On Thursday, the share was up about 10% to $15 and became one of the most actively traded stocks on major U.S. exchanges with a volume of 268.94 million shares. That volume marked a new record for SoFi.
Despite actual news being an impetus for the move, that huge trading volume and social-media attention make SoFi very meme-ish indeed.
Well, SoFi is now both a growth stock and a bank.It's a great solid investment with billions of cash on the balance sheet.”
--- proclaimed user No_Rule_1716 on subreddit r/WallStreetBets.
This is great news a bank already a leader in digital transformation.”
--- celebrated user BeginningProgress921 on subreddit r/SOFIStock.
What do you think about the company? Would you invest in SoFi?![]()
Source: SoFi, Market Watch
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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green x win : this is not meme
Tonystark420 : Suku coin crypto currency huge potential to make big money... im up 65% since yesterday currently sits at 78 cents but was apparently at 1.30 at noontime..... Spread the word and get in asap cuz all it needs is a little more kindling to gain some more traction and this baby is gone
Jeff Boyd : Don't know anything about company but I do know that getting a bank charter is not particularly difficult if you have money and competent advisors. The fact that it went up so much on news is an indication of a bubble.